As expected, the Reserve Bank of Australia has maintained its key interest rate unchanged at 3%...

As expected, the Reserve Bank of Australia has maintained its key interest rate unchanged at 3% for the third consecutive month, explaining that global growth is "forecast to be a little below average for a time, but the downside risks appear to be reduced." Employment expenses continue to contained "and businesses are focusing on lifting efficiency," the RBA said. "These trends should help to keep inflation low." (PR)

The rabbit (RBA) has no idea of the harm it is doing to the Australian Economy. When the world's major players are driving their currencies lower while improving productivity, the fools in the ivory tower of Martin Place are making the A dollar stronger. Clearly public service pensions need to be linked to the performance of the Australian Economy.